China Slowing ‘Significantly’: Conference Board

[AlmostUlyanov]

Source: Bloomberg

China will achieve a “soft landing” even as growth moderates after the government tightened monetary policy, The Conference Board said as its main indicator for the economy rose.

The New York-based researcher’s leading economic index for China increased 1 percent in June, it said in a release today. The index climbed 0.6 percent in May and 0.3 percent in April.

The gain may ease concern that Europe’s debt crisis and a weakening U.S. recovery will weigh on growth in the world’s second-largest economy. China’s benchmark stock index has retreated 14 percent from its April high as the government stepped up efforts to cool the fastest inflation in three years.

“The economy is significantly moderating right now and also over the next couple of months,” Bart van Ark, the organization’s chief economist, told Bloomberg Television from New York today. “We still expect it to be pretty much a soft landing.”

Read more: http://www.bloomberg.com/news/2011-08-16/china-economy-slowing-significantly-conference-board.html

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No one is ten feet tall. No one.

[AndyTiedye]

1. Is There Any Such Thing as a "Soft Landing"?

I doubt that Chinese parachutes work any better than American ones.

[Sherman A1]

2. Agreed

I am certain that they don't.

[Kolesar]

3. A "lead" parachute

Don't let your children play with them.

[Javaman]

4. as screwed up as our financial out look is, at least we still have

some semblance of regulations.

china doesn't.

soft landing is in the eye of the beholder.

china has cash on hand, their soft landing will be cushioned by massive payouts to alleviate massive pain, but once the pay out is done, they will hurt like the rest of us. Probably worse, without any real banking regs.

[bemildred]

5. Right, they will all have little parachutes. nt